The 9 Best No Foreign Transaction Fee Credit Cards of 2019
Headed abroad? Make sure you take one of these cards
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Many credit card issuers charge a fee when you use your credit card to make a purchase in a currency other than U.S. dollars. This foreign transaction fee can add up if you make a lot of purchases in other countries. Even online purchases made with overseas companies can be charged a foreign transaction fee. So if you want to cut down the cost of foreign currency transactions, choose a no foreign transaction fee credit card. And you can sweeten the deal by choosing a credit card with extra perks like bonus points, travel rewards, or an interest rate promotion. Read on for our picks.
The Wells Fargo Propel American Express gives you a chance to earn 30,000 bonus points if you spend $3,000 on purchases in the first three months.
Ongoing, you’ll earn three points for every dollar you spend on eating out and ordering in; gas, rideshares, and transit; flights, hotels, homestays, and car rental; and Popular streaming services. All your other credit card purchases will earn one point per dollar. There’s no limit on the rewards you can earn at each reward level and your points won’t expire as long as you keep your account open.
Pay your cell phone bill with your credit card and you’ll receive cell phone protection in the event that your credit card is damaged or stolen. You can also enjoy 0% APR for the first 12 months.
Important Pricing: After the introductory rate expires, the regular APR will be 16.24% to 27.24%, based on your creditworthiness.
As a sign-up bonus, you can earn 60,000 bonus points if you spend $4,000 on purchases within the first three months of opening your account.
You can also earn rewards on your credit card purchases. Earn two points for every dollar you spend on travel and dining at restaurants. All other purchases will earn one point per dollar. All your rewards, including the sign-up bonus, are worth 25% more when you redeem through Chase’s online tool, Chase Ultimate Rewards. Your signup bonus, for example, is worth $750.
Important Pricing: The regular APR is 18.24 to 25.24%, depending on your creditworthiness. The annual fee is $95.
If you’re planning to make a large overseas purchase and you want the ability to pay it back over time with no interest and no foreign transaction fee, you’ll enjoy the Capital One Quicksilver Card. It offers a 0% introductory rate on both purchases and balance transfers for the first 15 months after opening your account.
You can earn a one-time $150 sign-up bonus if you spend $500 on purchases within the first three months of opening your account. Ongoing, you’ll earn an unlimited 1.5% cash back on all your purchases.
The card also comes with 24-hour travel assistance services, travel accident insurance, and extended warranty benefits.
Important Pricing: After the introductory rate expires, your regular APR will be 16.24-26.24% variable. There’s no annual fee.
Start by earning a one-time $500 cash bonus once you spend $3,000 on purchases within three months from opening your account. Ongoing, you’ll earn unlimited 4% cash back on dining and entertainment; 2% back at grocery stores; and 1.5% back on all other purchases. Plus, you can earn 8% cash back on tickets at Vivid Seats through May 2020.
The Capital One Savor Rewards credit card also comes with a few other perks, including extended warranty, price protection, complimentary concierge services, and 24-hour travel assistance.
Important Pricing: The regular APR is 16.74 to 25.74% savor, based on your creditworthiness. The $95 annual fee is waived in the first year.
Best Cash Rewards: Discover it Cash Back
Discover doesn’t pay a sign-up bonus for the Discover it. Instead, at the end of your first year, Discover will match all the cash back rewards you’ve received during the year — dollar for dollar.
Speaking of rewards, you’ll earn 5% cash back on the first $1,500 you spend each quarter on categories that rotate. Categories include things such as gas stations, grocery stores, restaurants, etc. You’ll have to activate to receive the 5% rewards. All other purchases receive 1% cash back. You can redeem your cash rewards at any time in any amount.
Enjoy a 0% introductory APR for the first 14 months after opening your account.
Important Pricing: After the introductory rate expires, your regular APR will be 14.24 to 25.24% variable, based on your creditworthiness. There’s no annual fee.
The Platinum Card from American Express comes with a plethora of credit card benefits that you can enjoy both at home and abroad.
To start, you can earn 60,000 points if you spend $5,000 in the first three months after opening your account. Plus, you’ll get a bonus $200 airline fee credit each year. Ongoing, you’ll earn five points for every dollar spent on flights booked directly with airlines or with American Express Travel; five points for every dollar spent on prepaid hotels booked on amextravel.com; and one point for every dollar spent on all other purchases.
In addition to the ability to earn rewards, you can enjoy a number of other benefits. You’ll get premium travel service, premium roadside assistance, and access to the Centurion Lounge. You can enjoy $15 in Uber credits for U.S. rides every month, plus a bonus $20 in December. And, the card will give you a free credit for either Global Entry or TSA PreCheck.
Important Pricing: The Platinum Card from American Express is a charge card which means you’ll pay your balance in full each month and you won’t pay any interest. The annual fee is $550.
You have the opportunity to earn 60,000 bonus points with the Southwest Rapid Rewards Premier Credit Card after you spend $2,000 on purchases in the first three months of opening your account.
Each year, you’ll get 6,000 anniversary bonus points; four upgraded boardings each year (depending on availability).
You’ll earn two points for every dollar you spend on Southwest purchases and one point for every dollar you spend on other purchases.
Important Pricing: The regular APR is 18.24 to 25.24%. The $99 annual fee is applied to the first credit card statement.
Most rewards credit cards and no foreign transaction fee credit cards require you to have good credit. But don’t worry. There’s still a no foreign transaction fee credit card option if you don’t have the best credit.
The Capital One Secured MasterCard requires you to make a security deposit against your credit limit. With a secured credit card, the credit limit is typically equal to the security deposit. Capital One gives you the opportunity to qualify for a security deposit of $49 or $99 for the minimum credit limit of $200 depending on your credit history. If you don’t qualify, you can start with a $200 security deposit and credit limit.
Important Pricing: The regular APR is 26.99% variable. There is no annual fee.
Spend $4,000 on purchasing the first three months opening your account and earn 50,000 bonus points. Your points are worth 25% more when you redeem for airfare through the ThankYou Travel Center.
Earn three ThankYou Points for every dollar spent on travel; two ThankYou Points for every dollar you spend on dining out and entertainment; and one ThankYou Point on all other purchases. There’s no limit to the points you can earn and your points won’t expire.
Important Pricing: The regular APR is 16.74 to 25.74% depending on your creditworthiness. The $95 annual fee is waived in the first year.